Venezuela’s state-run oil company Petroleos de Venezuela [PDVSA.UL] has cut crude production at several locations and its main crude blending plant has been operating intermittently this month due to mounting stockpiles, according to a half-dozen industry sources and documents were seen by Reuters. Venezuela’s oil industry has been squeezed by more than a year of sanctions from the United States, and in recent months the Trump administration has increased the pressure on some of the remaining buyers of Venezuelan crude. Washington sanctioned PDVSA early last year as part of the administration’s efforts to oust President Nicolas Maduro. That has caused exports to fall sharply, boosting domestic crude storage to a total of 38.2 million barrels, up 2.3 million barrels from the end […]